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Kenvue KVUE Return on invested capital

Return on invested capital at other companies

Colgate-Palmolive logo
Colgate-PalmoliveCL
33%-10.3pp
Kimberly-Clark logo
Kimberly-ClarkKMB
21.8%-11.5pp
Church & Dwight logo
Church & DwightCHD
13.9%+3.8pp
Estee Lauder Companies Inc. logo
Estee Lauder Companies Inc.EL
2.1%
Ulta Beauty, Inc. logo
Ulta Beauty, Inc.ULTA
27.6%-3.5pp
Cencora logo
CencoraCOR
21.2%-19.2pp

Other financials

Income statement

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Revenue$3.9B+4.5%
Gross profit$2.3B+6.2%
Operating income$767.0M+37.5%
Net income$474.0M+47.2%
EPS (diluted)$0.25+47.1%

Balance sheet

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Cash & equivalents$1.1B+1.7%
Total debt$8.8B-8.3%
Total equity$10.6B+5.5%
Total assets$26.9B+2.3%

Cash flow

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Operating cash flow$489.0M+14.2%
CapEx$139.0M-22.4%
Free cash flow$350.0M+40.6%

Valuation

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Market cap$34.58B-27.9%
Enterprise value$42.31B-25.0%
P/E21.3×-24.1×
P/S2.3×-0.9×

Profitability

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Gross margin58.4%+0.3pp
Operating margin17.2%+5.1pp
Net margin10.6%+3.7pp

Returns & leverage

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Return on equity15.7%+5.5pp
Debt / equity0.8×-0.1×
Current ratio+0.1×

Where this comes from

Calculated from Kenvue’s reported figures.

Based on trailing twelve months.

The official record: Kenvue’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kenvue's return on invested capital?
Kenvue (KVUE) reported return on invested capital of 10.4% in Q1 2026.
How has Kenvue's return on invested capital changed year-over-year?
Kenvue's return on invested capital increased by 45.0% year-over-year, from 7.2% to 10.4%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.